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Australian Index Soars 1%, Dollar 10-week High; Foxtel Bid Rejected

Marcus Jacob
22 Jul, 2011
New York City

Stocks in Sydney surged after the euro-zone ministers agreed on Greek bailout conditions and the overnight reports suggested a progress in the U.S. debt talks. Resource stocks gained after oil inched towards $100. Austar plunged 16% after Foxtel

Greek Bailout Lifts European Indexes; TomTom Swings to Loss

Arthi Gupta
22 Jul, 2011
New York City

European indexes traded higher after euro-zone leaders agreed on new bailout package for Greece of longer maturity and drastically lower interest rate. Private sector will contribute

Indexes Advance on Budget Deal, Greek Bailout Prospects, Microsoft Exceeds

Bikram Pandey
21 Jul, 2011
New York City

The U.S. indexes soared on positive earnings and improving sentiment as the debt negotiations advance in the U.S. and Europe. The Dow and the S&P 500 indexes gained more than 1.2%. Express Scripts agreed to acquire Medco for $29.1 billion to form the largest pharmacy benefits manager.

U.S. Movers: ABB, AT&T, Danaher, Morgan Stanley, PepsiCo, Whirlpool

Mukesh Buch
21 Jul, 2011
New York City

ABB second quarter net earnings soared 43% to $893 million. AT&T second quarter net income fell 10% to $3.59 billion. Danaher second quarter net income surged to $648.8 million. Morgan Stanley reported second quarter loss of $558 million. PepsiCo net income in the quarter rose 18% to $1.9 billion.

UK Retail Sales Rise; Kingfisher, SAB Miller in Focus

Arthi Gupta
21 Jul, 2011
New York City

The UK indexes traded higher after retail sales rose 0.3% and public sector net borrowing fell in June. Investors turned cautious ahead of the European ministers

Coca-Cola Q2 Earnings Call Transcript

123jump.com Staff
21 Jul, 2011
New York City

The non-alcoholic beverage company said quarterly net operating revenues rose 47% to $12.74 billion. Net income in the quarter increased 18% to $2.8 billion. Earnings per diluted share climbed to $1.20 compared to $1.02 per diluted share in the year earlier period.

U.S. Weekly Jobless Claims Up; Express Scripts Offers $29 B for Medco

Arthi Gupta
21 Jul, 2011
New York City

U.S. indexes gained after upbeat earnings. Weekly jobless claims rose 10,000 to 418,000. Express Scripts agreed to buy Medco Health for $29 billion. PepsiCo net rose 18%.

Growth in Europe Eases; Swiss Confidence Slumps

Arthi Gupta
21 Jul, 2011
New York City

European private sector growth slowed in July. Euro area current account deficit widened and German construction orders improved in May. Swiss investor confidence slumped in July. Dutch jobless rate slid in June.

Greek Bailout Summit in Focus; Nokia Swings to Loss

Arthi Gupta
21 Jul, 2011
New York City

European indexes traded lower ahead of the euro-zone summit in Brussels today as France and Germany struck a deal to provide a bailout and restrict private lenders participation. The Spanish Treasury completed the sale of

Japan Stocks Flat on Stronger Yen; Export Decline Slows in June

Nigel Thomas
21 Jul, 2011
New York City

Stocks in Japan edged higher on a regional rally and after it posted a surprise trade surplus in June. The exports decline slowed to 1.6% fall in the month but imports rose to 9.8%. Japan still logged the third largest trade deficit in the first half since record keeping began in 1979.

Australian Stocks Struggle; Newcrest Gold Production Up 16%

Marcus Jacob
21 Jul, 2011
New York City

The benchmark index in Australia closed higher after resource stocks rebounded. The world sentiment improved after the U.S. debt talks progressed and European minister appear to have a plan for the second Greek bailout. Newcrest Mining said gold production soared 16%.

International Business Machines Q2 Earnings Call Transcript

123jump.com Staff
21 Jul, 2011
New York City

The information technology company reported total quarterly revenues rose 12% to $26.7 billion. Net income in the quarter increased 8% to $3.7 billion. Earnings per diluted share grew to $3.00 compared to $2.61 per diluted share in the same quarter last year.

U.S. Movers: Abbott, Apple, BlackRock, Chipotle Mexican Grill, Ecolab

Mukesh Buch
20 Jul, 2011
New York City

Abbott second quarter net earnings soared 50% to $1.9 billion. Apple third quarter net profit surged to $7.31 billion. BlackRock second quarter net income surged 45% to $619 million. Ecolab made merge agreement with Nalco for $8 bn. United Technologies second quarter net income rose 21%to $1.32 bn.

U.S. Stocks Rest; Earnings Momentum, Housing Weakness Collide

Bikram Pandey
20 Jul, 2011
New York City

The U.S. indexes traded sideways after 90% of the 65 companies in the S&P 500 index so far reported better than expected earnings. The surge in Apple Inc

UK Mortgage Lending Drops; LSE Group Revenues Up 2%

Arthi Gupta
20 Jul, 2011
New York City

The UK indexes climbed after gross mortgage lending fell in June. The Bank of England policymakers remained divided on rates and quantitative easing. Melrose completed the disposal of Dynacast division for

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